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A**E
What is the most effective way to build corporate trust?
Connect discusses such ideas as:What level of design, the teams, processes, and systems of specific business units or functions come into play in the organization?What are the biggest threats of Artificial Intelligence?Societal connection should be understood as a negotiation.What are the only two things have truly changed in business over the last twenty years?The moment at which the intelligence of a machine surpasses that of a human is known as the Singularity.Connect was a required text in a graduate Design Management course at the Shintaro Akatsu School of Design at the University of Bridgeport.
C**Z
How Unconnected is Your Company
For the me the first 3 chapters seemed trying, than I couldn't stop reading the book. As I envision my company in the global arena this book gave me a deeper perspective in human & business relations.Optimal Cells LLC
A**T
Beyond CSR
A true gem on corporate connectivity and why this matters now more than ever. Browne has been there and a done a lot in this space and it was incredibly insightful to read how he learned about what works and why during his tenure at BP CEO and subsequently. More CEOs should share these kinds of personal insights and reflections. This is a must read for anyone interested in CSR and its evolution into new forms of corporate engagement.
T**E
Four Stars
Liked it
M**D
Good read for start-up to Fortune 100 leaders
The book discusses the century long anti-business sentiments and cycles in an historic context. It provides very good and elaborate examples of bad corporate behavior and what we can learn from them. It also provides examples of exceptional corporate citizenships. Very good analyses. Browne states repeatedly that a business needs a societal purpose to strive and to survive long term. This book will be relevant for very long.
L**X
Five Stars
A worthy read with thought provoking ideas for the future.
S**Z
Contains Good Doses of Both Insight and Wisdom
Yes, I’m recommending this book by the former CEO of BP—but there’s much in here I disagree with, and I want to get that out of the way first.Browne has a big set of blinders. He shows an awful lot of reluctance to question technology, even going so far as to embrace highly dangerous technologies like fracking, pesticide-saturated GMO crops, and nuclear power. And while I agree with him that business can be a major part of the solution to our toughest problems—like hunger, poverty, war, and catastrophic climate change—I’m less convinced than he is that business opposition to regulation is necessarily coming from a principled place.Browne was no longer the CEO during BP’s massive Deepwater Horizon oil spill in the Gulf of Mexico in 2010, having left three years before. He watched from afar as his corporate child withered under the helm of Tony Hayward, who had told an audience at Stanford a year before the spill, “We had too many people that were working to save the world”—and notoriously pleaded, “I want my life back,” during the Deepwater crisis.However, Browne was in charge during the 2005 Texas City refinery explosion that killed 15 people and an Alaska oil spill the following year (p. 121). To his credit, he understands that these incidents damaged BP’s stature and credibility, so when the rig exploded in the Gulf, the reservoir of goodwill had been sorely depleted.So there’s a lot to set aside, and you’ll want to take this one with at least a spoonful of salt. Still, it provides a remarkable look into what it means to be a “forward-thinking” CEO of one of the largest fossil energy companies in the world—and the book contains good doses of both insight and wisdom, even if you have to filter out a good deal. He also interviewed many other big-company CEOs including Hank Paulson (later US Treasury Secretary) and Lloyd Blankfein of Goldman Sachs, Satya Nadella of Microsoft, and Indra Nooyi of Pepsico (among many others).He points out that seeing business as the villain is nothing new; it dates back at least to the Han Dynasty in China, a century before Christ was born (p. 3). Browne includes a great deal of (very disturbing) detail on the racist, brutal, all-powerful imperialism of the British East India Company—the first modern corporation (pp. 49-57)—and of Cecil Rhodes' equally barbaric activities in Africa (pp. 36-38).And using business to achieve social good is nothing new either. Chocolate barons George and Richard Cadbury (UK) and Milton Hershey (US) set up humane conditions right from the get-go and saw their companies as benevolent intervenors, providing excellent working and living conditions (pp. 21-28). Henry Heinz was a strong advocate of food labeling laws, knowing that his preservative-free catsup using quality tomatoes would do better than his sodium benzoate-containing catsups of his competitors (pp. 42-43). Even many of the worst of the Robber Barons—like Andrew Carnegie and Henry Frick—men with blood on their hands and horrible working conditions for their employees—tried to rehabilitate their reputations through massive philanthropy (pp. 17-21).What about our current century? Browne says the CSR (Corporate Social Responsibility) department is an outmoded concept; siloing social responsibility doesn’t create effective change. Enron, he points out (p. 139) had a great CSR-focused mission statement. Real change has to percolate throughout the organization: in the C-suite, in operations, in marketing…not just in its own department.And when we have this integration, he sees incredible rates of progress. He says US industry can easily reduce carbon emissions 3 percent per year, meet the 2°C limit on climate warming just by going after “cost-negative” (in other words, profitable) low-hanging fruit, and save $190 billion a year in the process (p. 88). A great example is the way Paul Polman turned Unilever around when he became CEO, with his Sustainable Living Plan:To double the size of the business while helping 1 billion people to improve their health and well-being, halving the environmental footprint, and enhancing suppliers’ lives. Each of these three goals is directly related to Unilever’s core business activities… By using its Lifebuoy brand to improve hygiene habits, the company sells more soap and helps to cut in half the number of people who die from diseases such as diarrhoea. By investing to reduce carbon emissions and water usage, it lowers costs and minimizes its exposure to water scarcity, an issue that poses a serious risk to consumer-goods firms… (p. 158)We already know Browne is an unabashed booster of technology. Technology contributes heavily to Browne’s view of the three most important trends that are changing the business world: artificial intelligence, a shift of the economic center of gravity from the US and Europe to Asia, and the growth of the global consumer (pp. 213-246). While I don’t share Browne’s unmitigated embrace of technology, I agree that when used properly, technology empowers people, moves them out of poverty, and cleans the environment all at once. As one example, he cites the very positive impact of mobile phone access on the fishing communities of Kerala, India (pp. 108-109). I also agree with his strong emphasis on open communication, collaborative culture, and including all stakeholders—and, of course, that business will not only be instrumental in solving these enormous challenges, but does and will benefit enormously by doing so.Business actively contributed to many of these problems in the first place—of the top six social problems, he sees four—smoking, obesity, alcoholism, and climate change—as created by business (pp. 243-244). I’d say that another of the six, war/terrorism/violence, is largely a corporate creation as well. This is a moral justification for business working to fix them; there’s also the practical reason that fixing them can help the bottom line.Finally, he concludes the book with a call for justice, based in corporate self-interest:Mistreating any constituent of society eventually leads to collapse, while successful connection is rewarded with lasting commercial success…Future global development will be constrained just as badly if business is hamstrung by the hate it generates so self-destructively…I am optimistic that companies will be an enormous force for good in the future…The connected firms of the future will push the boundaries of human possibilities in their quest to contribute. They will not fracture their bonds with society (pp. 247-248).
R**E
Must read for big thinkers and innovators.
Really good book for C level executives. A lot of stories and cases were referenced in the book that were enlightening. Pretty easy read. It gives a solid foundation as to why connecting with society is one of the most important things a company can do to achieve success.
G**D
Un livre pour les passionnés de rémunération, la RSE et le leadership
J'ai choisi ce livre pour ma thèse professionnelle. Je cherchais à développer mes idées de comparaison de la rémunération et la RSE, ce livre m'a bien plu. Je recommande pour sa richesse d'exemples en texte et graphiques.
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